China COVID relief pushes European shares up over 1%


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By Susan Mathew (Reuters) -European shares jumped 1.5% on Tuesday, on hopes that demand in China could be sustained as authorities looked to relax COVID-19 restrictions that had started to squeeze the world’s second-largest economy. Travel and commodity-linked stocks rose 2.2% and 2.3%, respectively, while banks and industrial stocks were among sectors providing the biggest boost to the main index. The pan-European STOXX 600 index had ended flat on Monday after data showed growth slowing in China. However, risk appetite got a boost on Tuesday after Shanghai achieved the long-awaited milestone of three straight days with no new COVID-19 cases...